Chinese economy nosedives as virus outbreak hits factories

first_imgMonday 16 March 2020 7:57 am Fixed asset investment fell 24.5 per cent year on year, dashing forecasts of a 2.8 per cent rise and a reversal of the 5.4 per cent growth posted in the previous period. Private sector investment dropped 26.4 per cent from the previous year. But Beijing is still battling with cases involving infected travellers arriving from abroad, while analysts warned it could take months before the country’s economy returned to normal. (AFP via Getty Images) China’s factory production slumped to its lowest level on record in the first two months of the year as the coronavirus outbreak wreaked havoc for the world’s second-largest economy. (AFP via Getty Images) Also Read: Chinese economy nosedives as virus outbreak hits factories The dire economic data, released this morning, also showed sharp declines in the retail and property sectors. Industrial output fell 13.5 per cent in January and February from the same period last year, according to figures from the National Bureau of Statistics. Show Comments ▼ Analysts said the shock was worse than the financial crisis decade ago and reinforced fears that the epidemic may have cut China’s economic growth in half in the first quarter. “The fact that lower Chinese production will have a severe implication on most international companies’ operations is now leading to another round of downside valuation in market prices,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. Chinese economy nosedives as virus outbreak hits factories “And of course, the spread of the virus to other parts of the world continues paralysing economies globally and the negative implications will go far beyond a Chinese-led slowdown.” While the coronavirus outbreak began in the Chinese city of Wuhan, the number of global deaths and infections has now surpassed those inside China. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterbonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach Raidercenter_img China’s central bank last week said it was cutting the amount of cash that banks must hold as reserves for the second time this year, releasing another ¥550bn (£63.6bn) to push down borrowing costs. The figures revealed the wider impact of the slump on the Chinese economy, with the country’s homeless rate rising one percentage point to 6.2 per cent in February — the highest since official records began. Share Chinese authorities played down the impact of the virus, saying the coronavirus epidemic was controllable and short-term and authorities would strengthen policy to restore economic and social order. James Warrington whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and‘Neighbor from hell’ faces new charges after scaring off home This was worse than expected and marked the weakest reading since records began in 1990. Tags: Coronavirus Retail sales fell 20.5 per cent year on year, compared to forecasts of 0.8 per cent growth, as consumers avoided crowded places such as shopping centres, restaurants and cinemas. “These data suggest a small contraction in the first-quarter economy is a high probability event. government policies would need to be focused on preventing large-scale bankruptcies and unemployment.” whatsapp (AFP via Getty Images) Also Read: Chinese economy nosedives as virus outbreak hits factories “Judging by the data, the shock to China’s economic activity from the coronavirus epidemic is greater than the global financial crisis,” Zhang Yi, chief economist at Zhonghai Shengrong Capital Management, told Reuters.last_img read more

Former bosses of Finablr and NMC Health face fraud accusations

first_imgThe firm has told creditors that they are currently preparing legal action against the people that they think are responsible for the financial misconduct. whatsapp In 2017 Shetty stepped back from day-to-day management of the two firms, and he resigned as non-executive chairman in February. Show Comments ▼ Also Read: Former bosses of Finablr and NMC Health face fraud accusations Former bosses of Finablr and NMC Health face fraud accusations As a result, in April consultancy firm Alvarez and Marshall were appointed as the company’s administrators. The report, which was prepared by Emirati firm Wise Consulting and commissioned by Shetty himself, sets out allegations against the 17 based on the billionaire’s bank records. However, the report fails to explain why some of the money that was moved ended up in the billionaire’s other private accounts.  The Manghat brothers, both of whom have left their respective companies over the scandal, deny the allegations. According to a report prepared for billionaire tycoon Bavaguthu Shetty, who founded the companies, brothers Prasanth and Promoth Manghat, who led NMC and Finablr respectively, used forged documents to siphon off the funds. A spokesperson for them said: “It is categorically denied that either Prasanth Manghat or Promoth Manghat have received any unlawful payments, and they strongly refute the accusations made that seem to be designed maliciously to distract attention away from those responsible for damaging the highly successful businesses they helped create. Sunday 23 August 2020 1:56 pm Ben Cairns, Alvarez and Marshall’s managing director, described the fraud as “well-organised, systematic and long-running” and involving “many people and companies”. At the end of last year, US short-seller Muddy Waters called NMC’s finances into question, which led to an internal investigation which uncovered billions in undeclared debts. Before the Open newsletter: Start your day with the City View podcast and key market data Edward Thicknesse Around £229m in transactions were carried out from one account alone, it is claimed. whatsapp The former chief executives of Finablr and NMC Health are among a group of 17 people who are claimed to have embezzled millions of UAE dirhams from the firms, the Sunday Telegraph reported today. Also Read: Former bosses of Finablr and NMC Health face fraud accusations The tycoon is himself facing a criminal investigation into the firm’s finances in the UAE.  Share Back in April Shetty had launched an investigation into the alleged fraud, saying that it had been carried out by a “small group of current and former executives at these companies”. According to the new report, NMC staff used forged signatures to open bank accounts, transfer funds and sign cheques moving money from Shetty’s personal accounts. Tags: NMC Healthlast_img read more

FBI charges Wasilla man in abduction of 2 North Pole children

first_imgCrime & Courts | Interior | Public SafetyFBI charges Wasilla man in abduction of 2 North Pole childrenAugust 10, 2015 by Zachariah Hughes, KSKA Share:FBI officials are asking members of the public with information about Michael D. Bowen Jr. to contact them. (Photo courtesy of the FBI)The Federal Bureau of Investigation in Alaska held a press conference Monday to discuss a child abduction case in North Pole. The rare move by the Bureau is an attempt to calm the public, and recruit them to help.In a second-floor conference room at the FBI’s Anchorage headquarters, Assistant Special Agent David Condo recapped the criminal complaint filed in the case of an alleged. Condo says that 40-year-old Michael D. Bowen Jr. of Wasilla stopped two sisters aged 9 and 7 on the afternoon of Saturday, August 1st.“Two-and-a-half hours after the girls had left home they returned, telling their parents they had been grabbed off their bikes by a man in a truck in front of the North Pole Middle School,” Condo read from a prepared statement ahead of questions.Agents say there is no evidence of abuse during the time Bowen allegedly kept the girls locked in the truck. According to the criminal complaint filed by the FBI, Bowen first denied being in the area where the abduction took place, though later admitted he’d taken the girls, thrown a cell phone out of the truck to prevent tracking, and told the girls “there would be no turning back.”“When asked why,” Condo told reporters, “he said he thought the girls were too young to be out on their own, and he wanted to teach the girls’ parents a lesson, and he said that he would do it again.”Law enforcement located Bowen based on extremely specific information the two children gave to officers, all the way down to the brand of sneakers their abductor wore, a ring on his finger, and a flag decorating the rear-view mirror of his Dodge pickup truck. Agents say the information was essential for coordinating with police in North Pole and other agencies trying to locate a suspect in the week after the girls were taken.Bowen faces two federal counts of kidnapping. The FBI only gets involved in abduction cases when local law enforcement requests their help. The last time that happened in Alaska was the investigation into a family of four–including two children–that went missing from Kenai in 2014. But Bureau agents want local partners to reach out more. According to Kurt Ormberg, supervisory agent for the Violent Crimes Squad, every year the FBI handles 100 to 150 “prototypical child abductions.”“Just under 50 percent end in a child’s death,” Ormberg said. “That’s why we take this as seriously as we do. We know that monsters do exist. They don’t have horns, they don’t have fangs, they look just like us–but they do exist. And telling our children that, I think, empowers them.”The FBI in Alaska rarely holds press conferences or comments on open investigations. But officials say that in this case they’re hoping to assure concerned North Pole residents the threat from this particular abduction is over. And that putting out details from the case may lead to more information coming from the public about Bowen.A request left with the U.S. Attorney’s Office about whether or not Bowen has legal representation was not immediately returned on Monday.Share this story:last_img read more

White Pass railroad company wants 20 more years on lease to make way for urgent Skagway port improvements

first_imgLocal Government | Southeast | Tourism | TransportationWhite Pass railroad company wants 20 more years on lease to make way for urgent Skagway port improvementsJuly 5, 2017 by Emily Files, KHNS-Haines Share:Cruise ships dock in Skagway’s port. (Photo by Emily Files/KHNS)The private company that controls more than half Skagway’s port wants a 20-year lease extension in order to make way for pressing waterfront improvements.Audio Player Up/Down Arrow keys to increase or decrease volume.White Pass and Yukon Route Railroad is a major tourist attraction in Skagway. Since 1968, it has controlled a significant portion of Skagway’s tidelands and uplands through a lease with the city.White Pass gave the municipality a new lease extension proposal this June.The offer is preliminary. White Pass and municipal officials are at the beginning of negotiations.White Pass President John Finlayson said the potential contract would continue a “great partnership.”“If you look at the last 25 years, the town’s economy has experienced unprecedented growth,” Finlayson said. “I think a lot of that has to do with White Pass’ investment.”Finlayson shared the entirety of the new proposal with KHNS on Monday. He agreed to release the document following a borough Assembly meeting in which some key details were revealed publicly.White Pass’s offer is broken into three parts: an amendment to the current tidelands lease, a new lease picking up after the original expires, and an environmental remediation agreement.These new contracts are on the table about two years after voters rejected a 35-year lease extension.The situation has become more critical since then.In two years, larger cruise ships will sail to Alaska. Skagway could miss out on a significant share of the market if it doesn’t renovate its port to accommodate the vessels.Skagway Mayor Mark Schaefer supported the 2015 lease that was thrown out by voters.“It’ll be a miracle if we don’t lose this boat, it really will be,” Schaefer said. “When we do lose it, its not gonna be such a fun time I don’t think.”There are a few key differences between the 2015 proposal and the new one:Length of the lease: White Pass is asking for a new, 20-year lease following the expiration of the current contract in 2023.At a recent meeting, Assembly member Orion Hanson suggested the municipality try to negotiate the term down to 15 years, so that the agreement would end in 2038.Clear the way for an estimated $15 million floating addition to the ore dock: This is perhaps the most urgent piece of infrastructure. Skagway’s ability to welcome larger cruise ships hinges on it. White Pass proposes it take the lead on building the floating dock, while splitting the cost 50/50 with the municipality.Finlayson said the railroad building the infrastructure is simply more expedient than the government taking it on. The railroad needs a lease extension in order to move forward with the ore dock modification.The annual rent payments: Right now, White Pass pays the city about $130,000 per year. The company suggests raising that to $200,000 annually. That offer is lower than the 2015 proposal. Those proposed payments started at $250,000 and increased to $400,000 over the 35-year period.Hanson has suggested negotiating those numbers up to $250,000 at the start of the lease, increasing by $50,000 every five years.The rent payments are key in terms of whether this lease will need to go to a public vote. Skagway code stipulates that any lease worth $5 million or more must go to the voters for approval. White Pass’ proposal doesn’t reach the $5 million mark this time.Hanson advocated for a public vote once the city and White Pass are done negotiating.“I didn’t feel totally comfortable that we could execute this without a vote,” Hanson said. “And I think voting is one of the most important things we have as Americans.”Schaefer and Finlayson say they worry about how a referendum would affect the tight timeline.Port consultant Moffatt & Nichol has said that if the city wants to have a floating dock in place by the time bigger ships arrive in 2019, they’ll need to start design and permitting work by late summer or early fall.Unlike the 2015 lease proposal, White Pass is looking to separate environmental remediation from the rest of the contract.Skagway’s ore basin is polluted with decades-old contamination.The railroad proposes paying $2.5 million and the municipality chipping in $1.5 million toward an estimated $4 million cleanup. If it costs more, the two parties would meet and decide how to split the cost.Finlayson said White Pass’ contribution to remediation is contingent on the lease extension.There are some things that have not changed between the 2015 and 2017 proposals.White Pass would give up a significant portion of the lands it leases, only retaining control over the areas directly beneath the ore dock and Broadway dock.Cruise ships berth at both facilities.The municipality and White Pass would share the ore dock, with the railroad getting cruise revenue and the city getting revenue from industrial and other uses.The Assembly is set to discuss the lease proposal at its meeting this Thursday. From there, negotiations are likely to continue.Share this story:last_img read more

Alaska’s once-a-decade redistricting process is about to start

first_imgPolitics | State GovernmentAlaska’s once-a-decade redistricting process is about to startDecember 2, 2019 by Nat Herz, Alaska Public Media Share:<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span><span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span>A newly formed committee charged with planning for Alaska’s once-a-decade redistricting process will hold its first meeting Wednesday.Redistricting is the task of redrawing Alaska’s legislative districts to align with new numbers from the federal census, which also comes once every decade. The process is often politically fraught, with lawsuits filed that challenge the new districts.Final decisions about where district lines are drawn will be made by a separate redistricting board that’s authorized by the Alaska Constitution. But two decades ago, the Alaska Legislature also created what it calls a “Redistricting Planning Committee,” which is asked to make initial preparations for the Alaska Redistricting Board’s work.Its powers include leasing office space for the board, compiling maps and databases, and acquiring redistricting computer software.The committee has five members — two appointed by the governor and one each by the chief justice of the Alaska Supreme Court, the House speaker and the Senate president. They include:Gov. Mike Dunleavy appointee Jordan Shilling, a former aide to North Pole GOP Sen. John Coghill who now works as a communications specialist in Dunleavy’s office;Dunleavy appointee Bethany Marcum, who once worked as an aide to Dunleavy when he served in the state Senate and now runs the Alaska Policy Forum, a conservative advocacy group;Senate President Cathy Giessel, R-Anchorage, appointee Jane Conway, who works as an aide to Giessel;House Speaker Bryce Edgmon, I-Dillingham, appointee T.J. Presley, who works as an aide to Edgmon;Supreme Court Chief Justice Joel Bolger appointee Jill McLeod, an Anchorage-based attorney for the law firm Dorsey & Whitney who previously worked at ConocoPhillips.The committee is holding its first meeting Dec. 4 at the court system office in downtown Anchorage.The constitutionally-authorized redistricting board has not yet been appointed. Its makeup is the same as the planning committee — two appointees by the governor and one each for the House speaker, Senate president and chief justice — though there’s also a requirement that members represent different geographic areas of the state.The board members must be appointed by Sept. 1.Rural Alaska prepares to kick off 2020 US CensusShare this story:last_img read more

Ali MacGraw and Ryan O’Neal Are Together Again for Love Letters…

first_imgTheaterCelebrityEntertainment IndustryAli MacGraw and Ryan O’Neal Are Together Again for Love Letters at the WallisLove means never having to say “What’s my line?”By Kari Mozena – October 16, 2015781ShareEmailFacebookTwitterPinterestReddItOn Wednesday, Ali MacGraw and Ryan O’Neal took to the Wallis Annenberg Center for the Performing Arts stage for Love Letters. The play is written by A.R. Gurney, directed by Tony-winning director Gregory Mosher, and stars the two reunited Love Story vets in another touching drama. The applause began when MacGraw and O’Neal walked onstage … holding hands. They then sat at a desk and read their parts which follow the lives of two friends as told through their correspondence between the ages of 7 and 70. I couldn’t take my eyes off them. The standing O commenced as they finished the last letter…both crying. They ended the performance with a kiss.I didn’t know what to expect, but I wasn’t expecting to be so absurdly happy to see the two actors together again. MacGraw hasn’t performed in over twenty years (and was terrific), and we last saw O’Neal in a reality show with his daughter, Tatum. This performance at the Wallis begins a multi-city tour of the play that will last through June. The run in Beverly Hills is a short one, and ends October 25. Get tickets here. TAGSAli MacGrawRyan O’NealThe Wallis Annenberg Center for the Performing ArtsPrevious articleTodo Verde Is Serving Up Superfood Aguas Frescas with a Side of Yoga This WeekendNext articleRampaging Mud Engulfs Vehicles in L.A., Kern CountiesKari Mozena RELATED ARTICLESMORE FROM AUTHORUte Lemper Celebrates 30 Years in Theatre with the Retrospective Last Tango In Berlin5 Holiday Activities Guaranteed to Thaw Your Cynical HeartTony Award-Winning Director Mary Zimmerman Brings Guys and Dolls to Beverly Hillslast_img read more

January transfer window 2015: All the done deals from Arsenal, Chelsea, Manchester United, City, Liverpool and the rest of the Premier League clubs

first_imgTuesday 3 February 2015 12:15 am whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Joe Hall Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online Game Tags: January transfer window Manchester United whatsapp January transfer window 2015: All the done deals from Arsenal, Chelsea, Manchester United, City, Liverpool and the rest of the Premier League clubs Sharelast_img read more

Can you exercise too much?

first_img Related: With iPhone apps, your doctor can read your bathroom scale Modern life has factored exercise out of our lives. I recently took a historical tour of my hometown of Simsbury, Conn. According to the guide, in the 1700s, the average Simsbury resident burned between 4,000 and 6,000 calories a day, chopping wood, hauling water, farming, and the like. Today, most of us burn under 2,000 calories a day. In other words, we need more exercise, not less.advertisement Runners train for the TCS World 10K run in Bangalore, India. Is there an upper limit beyond which too much exercise is harmful? For almost everyone, the answer is no. Manjunath Kiran/AFP/Getty Images Paul D. Thompson Investors bet big on apps that promise to improve health — and cut costs It’s important to keep in mind that the number of people at the upper end of the exercise spectrum in these studies was very small. So the results should be used to generate new hypotheses, not to make recommendations about exercise. Unfortunately, the media attention these studies generated has sown some confusion among the public about the benefits — and hazards — of exercise for preventing heart disease. At the other end of the spectrumI’ve been interested for years in whether too much exercise could somehow offset its cardiovascular benefits. Having run the Boston Marathon 29 times (finishing 16th in 1976), I know how much training is needed to run a marathon or a triathlon, to row or cycle competitively, and the like.In the JACC article, we explored four recent studies that suggest exercising a lot may not be as good for the heart or long-term health as exercising more moderately. In these studies, people who exercised strenuously appeared to lose most of the cardiovascular benefits that exercise provided to more moderate exercisers.advertisement That said, the results are intriguing, and there may be biological explanations for them. For example, endurance activities such as running a marathon stretch the right ventricle — the chamber of the heart that pumps blood to the lungs. This could be hazardous among individuals with a genetic predisposition for a relatively rare condition called right ventricular cardiomyopathy.Overall, though, as a group, endurance and elite athletes who exercise at the upper end of the physical activity spectrum aren’t at increased risk for cardiovascular disease, and tend to live longer than individuals who are sedentary and those who exercise moderately.No upper limit for exerciseOver the years, hundreds of studies have shown that exercise and physical activity are associated with lower rates of heart disease and longer life. We think this is due to exercise itself. But none of these studies has ever been able to exclude the possibility that people who choose to exercise are genetically and physiologically hardier. That might be especially true for endurance and elite athletes.Here’s the bottom line on exercise “dose” and cardiovascular health: Any amount of exercise is better than none. Even something as simple as standing instead of sitting is beneficial. For moderate exercise, like walking, there is no upper limit, although doing it for more than 100 minutes a day doesn’t seem to convey any extra cardiovascular benefit. Vigorous activity, like jogging, can offer large cardiovascular benefits, though doses up to 10 times the recommended amount (about 12 hours a week) don’t have an extra payoff.Paul D. Thompson, MD, is a cardiologist at the Hartford Hospital, where he is chief of cardiology, cardiovascular research, and the Athlete’s Heart Program. He is also professor of medicine at the University of Connecticut. He has received research support or consulted for various pharmaceutical and device companies and has provided expert legal testimony on exercise-related cardiac events and statin myopathy.center_img [email protected] Related: Exercise and good health go hand in hand. Exercise and physical activity have been linked to protection against heart attack, stroke, diabetes, some types of cancer, dementia, and more. A little bit of exercise is better than none, and more than a little is even better. But is there an upper limit beyond which too much exercise is harmful?For almost everyone, the answer is no. As several colleagues and I write in the latest issue of the Journal of the American College of Cardiology (JACC), the main problem in the United States and around the world is too little exercise. One-quarter of Americans don’t exercise at all; only about half hit the weekly recommendation of 150 minutes of moderate exercise (like walking) or 75 minutes of vigorous exercise (like running). About the Author Reprints By Paul D. Thompson Jan. 21, 2016 Reprints First OpinionCan you exercise too much? Tags athletesexerciseheart diseaselast_img read more

Pharmalittle: Will wholesalers get pulled into a price-fixing case? FDA rejects Alkermes depression drug

first_img Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Good morning, everyone, and welcome to another working week. We hope the weekend respite was refreshing and relaxing, because that oh-so-familiar routine of meetings, deadlines, and what-not has predictably returned. There are various clues to this development: Notably, the short people have left for the local schoolhouse and gainful employment, respectively. This leaves us to brew a cup or more of stimulation, and we invite you to join us as you brace yourself for the day ahead. On that note, we hope you survive. Meanwhile, here are some tidbits. Keep in touch …OptumRx, a pharmacy benefit manager owned by UnitedHealth (UNH), has included new migraine drugs from Amgen (AMGN) and Eli Lilly (LLY) as preferred treatments on its formularies of reimbursed medicines, Reuters reports. A rival migraine treatment from Teva Pharmaceutical (TEVA) is excluded on one list and patients can pay more for it in some cases on a second list. The decision secures easier access to customers for the Lilly drug at all three of the biggest PBMs — including CVS and Express Scripts — and gives Amgen a leg up after CVS decided not to include it on its formulary. What is it? Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Pharmalot Log In | Learn More GET STARTED @Pharmalot Ed Silvermancenter_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. [email protected] By Ed Silverman Feb. 4, 2019 Reprints What’s included? Alex Hogan/STAT About the Author Reprints Pharmalittle: Will wholesalers get pulled into a price-fixing case? FDA rejects Alkermes depression drug Tags drug pricinggovernment agencieslegalpharmaceuticalspharmalittleSTAT+last_img read more

Pfizer vaccine shipments to Florida on hold, DeSantis says

first_imgAdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 commentsDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments LCSO among law enforcement agencies deploying officers to Texas, Arizona June 16, 2021 Florida bans ‘critical race theory’ from public school classrooms June 13, 2021 DOH-Collier bringing COVID-19 vaccines to homebound residents June 17, 2021 DeSantis briefed on blue-green algae treatment used on Caloosahatchee June 7, 2021 TAMPA, Fla. / WFLA — Frontline workers are set to received their first doses of the coronavirus vaccine this week.Tampa General Hospital made history as one of the five Florida hospitals who received doses of the vaccine earlier this week, NBC affiliate WFLA reported.There could be an additional delay with getting more vaccine doses into the state, according to DeSantis.“Initially we thought we’d get about 200,000 additional Pfizer doses, and the third week of December, or the last week of December, the third week of the shipments, we were scheduled to get about 250,000,” the governor said. Advertisement“Those Week 2 and Week 3 shipments of Pfizer are basically on hold right now. We’re just not sure with the production,” he said.The FDA could approve an emergency use authorization for the Moderna vaccine later this week. Florida would get 367,000 doses of the Moderna vaccine by early next week, DeSantis said. The state would receive a total of 1.16 million doses of Moderna and Pfizer vaccines by the end of December if things get back on track. AdvertisementTags: Governor Ron DeSantisVaccine RELATEDTOPICSlast_img read more